05 Sep 2025

ReNIKOLA Holdings has been chosen to lead two large-scale solar projects in Malaysia with a total capacity of 618 MWp under the country's Large Scale Solar 5+ programme. The projects, set to operate for 21 years, are projected to attract 1.2 billion ringgit (USD 285.37 million) in investment and are expected to be commissioned by the end of 2027. Malaysia is ramping up renewable energy efforts, aiming to increase gas-fired capacity by 50% and more than double renewable capacity by 2030 to reduce coal dependence and meet growing electricity demand, particularly from data centres.Read more

05 Sep 2025

JPMorgan Chase plans to launch its Chase digital retail bank in Germany next year, expanding its European footprint after entering the UK in 2021. While already a major player in Germany's financial market, the bank faces a competitive retail landscape dominated by local institutions and established online banks. Chase will start with savings accounts from its Berlin base and gradually expand its offerings. The move reflects JPMorgan's strategy to leverage digital banking to overcome traditional market challenges while building on its long-standing presence in the country.Read more

05 Sep 2025

Brisbane has recorded its strongest wave of apartment completions since 2018, with over 1,900 units finalised earlier this year and more than 1,250 due for completion before year-end. According to a recent JLL report, the city has already surpassed any single year's delivery in the past five years, marking a turning point for its residential supply pipeline. This revival follows a period of sluggish development activity, and industry analysts suggest it could help ease mounting demand pressures across Brisbane's urban housing market.Read more

05 Sep 2025

Trevian's autumn market review highlighted that Finland's property sector is witnessing a strong recovery, with investment activity increasing and international interest on the rise. The residential market has become a key driver despite elevated construction costs, while commercial investors are focusing on prime properties with long-term stability. Competitive yields, eased lending terms, and Finland's reputation as a safe operating environment have further strengthened market confidence. Opportunities in well-located assets are expected to remain attractive in the coming months.Read more

04 Sep 2025

Liquidators of China Evergrande Group have asked the Hong Kong High Court to appoint receivers to help identify and secure assets linked to founder Hui Ka Yan and some former executives. They are seeking to recover about USD 6 billion in past dividends and payments, but have managed to collect only USD 255 million so far against creditor claims of nearly USD 45 billion. Hui, who is in detention, has not disclosed his global assets. His ex-wife is also being investigated for holding a significant share of wealth.Read more

03 Sep 2025

Broadshore Capital Partners has completed a management buyout, achieving full independence as a real estate investment and advisory firm. The ownership previously held by Guardian was acquired by the management team under CEO Brad Howe, who highlighted the firm's entrepreneurial roots and the importance of aligning leadership with client interests. Operations and senior management remain unchanged, while COO Russell Munn stressed that support from investors and employees made the deal possible. With assets under management above USD 9 billion, Broadshore aims to focus on new investment opportunities in the next phase of the market.Read more

02 Sep 2025

In July, UK mortgage approvals reached 65,352, the highest monthly total since January, signaling a potential stabilization in the housing market after the end of a homebuyer tax break earlier this year. Despite the rise in approvals, Nationwide Building Society noted a decline in house prices for August, reflecting ongoing affordability issues. Consumer borrowing also rose by 7% in the year up to July, marking the largest increase since October 2024. These trends show a mixed picture of recovery, with growth in mortgage activity alongside persistent affordability and borrowing pressures.Read more

02 Sep 2025

MUFG is set to launch a 100 billion yen (USD 680 million) fund targeting Japanese real estate, focusing on mid-sized offices, residential properties, and hotels in Tokyo, Osaka, and Nagoya. Institutional investors will contribute 30 billion yen, with the remainder financed through debt. This marks the company's second-largest fund, aiming to improve underperforming assets amid rising investor return expectations. The move follows other major fund launches this year by Dai-ichi Life, Marubeni, Orix, and Morgan Stanley. MUFG's asset management arm seeks to grow from 500 billion yen to 1 trillion yen in assets by 2030.Read more

02 Sep 2025

President Donald Trump's administration plans steps to address high housing costs in the United States. Treasury Secretary Scott Bessent explained that the measures could include declaring a national housing emergency to tackle rising prices and limited supply. Falling rents are providing some relief, and lower interest rates may encourage more home sales, improving market activity. The administration is also exploring ways to simplify construction permitting and promote standardization to increase housing supply. Affordability remains a key focus, reflecting broader efforts to reduce financial pressures on Americans.Read more

02 Sep 2025

Hong Kong's retail market showed steady growth in July, with sales by value rising 1.8% and volume increasing 1%, marking the third consecutive month of gains. Total retail sales for the first seven months remain below last year's level, but government officials expect consumer confidence to stay stable, supported by tourism promotion and large-scale events. Tourist arrivals, particularly from mainland China, increased significantly, although many trips were brief. Jewellery and luxury goods led growth, while clothing and footwear showed small improvements, reflecting a cautious but steady recovery in consumer spending and retail activity.Read more